|
— '—•a.����=,r---� .„t�:._. '�:-
<br /> �� - �•_ � v-,� �h, . ; � _
<br /> � .•nk:'.:�
<br /> � -� �._.._ - --
<br /> -- _. ._ _ ..
<br /> -- i-v.=:---:',a�rr� ��� --' —-
<br /> ' �="'"-y"'~'-�---�� paytnentx ntny uu longcrt�u reyulred,nt thc i►ptlnn af I.cndee.if mnttBti�e insursnca covemge(fn the n�Xt���c period �_____�_.
<br /> ___— -- --- �hnt l..ender requirca) pmvidsci by un fnsurer upproved by l.ender agnin becomes availablt nnd is obtulned. 8orrower ehall pny
<br /> — t4io premiumA rcqutre�to rnaintaln mortgago Insurance in effect.or tu pmvide a loss reserva,until the requirement for mortgega
<br /> — Insurunce endx in accwrdwtco with nny wrtt�en ngrcement between Iiorrawer and I.ender or upplicnble law.
<br /> 9. In9paKioa.Lendcr or Its agtnt may make reasanable entdes upon and inspections of the Property.Lender shall give
<br /> Barmwer notice at the tlme of or prior ta an inspection specifying n�onable causa for the lnspection.
<br /> - °-- - --- _ 10. Condemnatian. The proceeds af any oward or claim for datnages, dirc:ct or consequcntial. in cannection wlth any �
<br /> condemnation or other taking of any part of the Property,ar far conveyance in lieu of condemnation,are hcreby assigned artd
<br /> _ � shall be pald to Lender.
<br /> [n the event of a total tekjng of the Property,the proceeda shaq be applled to the sums secured by this Security Instrument,
<br /> whether or not then due, with any excess paid to Borrower. In the svent of a partial taking of the Property b whtch the fair _
<br /> .; �H,s market value of the Property immediatcly before the taking is equal to or�reatar than the amount of the sums secured by this =
<br /> ` ' ;��r'„zct,F � Security Instrument immediately before the taktns,unless Hc�rrower and i.,ender othecwise agrce in wridng.the sums secured by -_ - __
<br /> �;�6r"�:'•'�• this Secur�ty Instrument shdl be reduced by the amount of the proce.eds multiplied by the following fractlon: (a) the total
<br /> � ���`��"�� '-•�'� {, umount of the surns secured immedietely 6efore the taking. divided by(b) the fair market value of the Praperty immedfately �--__- -
<br /> "'�' '��'" " ; before the taking. Any balence shall be paid to Borrower. In the event of a partlel takln�of the Property in which the fair
<br /> p • �,'„.�• . ' . �
<br /> :. , . ' '� market value of the Property immedlately before the taicing is less than the amount of the sums secured immedistely befare the _
<br /> ' ;'.��::.:'` .�' . :� ::, taking,unless Borrower and I.ender otherwlse agree in writing or unless applicable law otherwise provfdes.the proceeds shell �
<br /> � � . .„ ,.,,�_�`�_ be epplied to the sums serured by thfs Securlty Instrument whether ar not the sums are chen due. `--
<br /> � c= If the Property is abandoned by Borrower.or if,after nottce by I.ender to Borrower that the condemnor affers to make an — :
<br /> :_ �,.,_
<br /> •' award or setde u claim for damages, Borrower falls to respond to Lender within 30 days after the date the natice is glven, �''"
<br /> . ;°�.�:�-
<br /> � I.ender is author�zed to collect and apply the proceeds,at its option,either to restoradon or repair of the Property or to the sums �••r,---;•
<br /> secure�by thfs Security instrurnent,whether ar not then due. • •�����
<br /> 1 . ,. , "t�~asnr
<br /> Unless Lender and Eoreower otherwise agree in writing. any application of procc�ds to principal shall not extend or ,
<br /> � , ,. postpone the due date af the monthly payments referred to in paragraphs i und 2 or change the umount of such payments. �.��'�y�=
<br /> • . 11. Borrower Not Released;Forbearance By I.ender Not a Watver.Extension of thc time for payment or modification ;, "�'
<br /> of amorttzation of the sums secured by this Security Instrument granted by I..cnder to any successor in interest of Bonawer shall ,�:•.-
<br /> not operate to releace the liability of the orisinal Bonower or Borrower's successors in interest. I.ender shall not be required to ' :
<br /> � � - commence proceedin�s a�uinst any successor in interest or refuse to extend time for payment or otherwise rnodify amortiu�tion ���. • '��
<br /> of the sums sec:ure� by this Security Instrument by �eason of uny demand made by the original Borrower ar Borrower's �#��
<br /> , successors in interest. Any forbearance by I.ender in exercising any right ar remedy shatl not be a waiver of or prcclude ihe , ;-
<br /> exercise of any right or•remedy. _
<br /> 12. Successors and Asstgns Bound;Joint and Several Liabiiity; Casigners. Thc covenants and agrcements of this � ' ;�����
<br /> " j Securiry Instrument shnll bind and benefit the successors und assigns of Lender and Bormwer. subject to the provisionti of �
<br /> . paragraph 17. Borrower's covenant� and ugreements �hall be joint und several. Any Borrower who ca-signs this Security
<br /> Instrument but does nat execute the Note: (u1 is�o-signing this Security Instrument onty to martg�ge, grant and convcy that ,
<br /> . . • Borrower's ihterest in th�Prc�perty undcr the tcrn�z of thix Security Ynstrument;fb>i, not pcnonally obligated to pay the sums
<br /> � secutcd by this Security Iastrunxnt:und fc)ugrecti that Lcnder und uny athrr Borrower may ugree to extend.modify,forbear or `
<br /> � • muke uny uccomrm�dations with re�ard to the tenm��f thi,Sccurity hi+tniment��r the Nuu withi�ut that&�rrower'+consent.
<br /> 13. I.�wn Chat��. If the loun.ecured by thi+5ecurity Imt�umrnt i. +ubjcrt tu u law whirh sets muximum laan charges. �-
<br /> , ' And that luw i�finally intcrprciccl ui thut thc intcre�t ur inhcr luur�chargeti rullcctcJ iu tu bc coltectcJ in conncction with ihc
<br /> loan exceed the pemiittcd limity, then: tu►uny .uch luun chargr.h•rti fie rcduceJ by the amount necestiury to rcduce ttte charge "
<br /> to ehe p�:rmittecl limit:und Ib1 an>• .um+atreudy cullectcd frum &�rruwrr which exceedcJ Fx:nnitted limitx wiU be refunJed to ��
<br /> „ Borrowcr. Lcndcr m:�y ch�xi,c tu makc thi. rcfund hy nxiuring thc prinripul ��w•ed unJcr thc Natc or by muking a dircct
<br /> - payment tn &�rrowet. if a retund redurc� prinripal. thc rcduclicin K�itl tx trcatrd ati a partia! pmpsyment a•ithout �ny
<br /> ° prepayment cliar�c undcr thc Nntc. ,� .�
<br /> ' 14. Nottc�.Any nuticc tn Burrower pr�wid�tii fur in thi�Srrurity In�trumrnt ahatl hc givcn by Jclivcring it or by mailing
<br /> �' it by firct class mail unless u�plirablc luw rcyuires u�c of unuthcr mcth�xi. Thc notice+hall hc directed to the Property Addm�+
<br /> ��r uny cnher uddrcss Bnrrowcr de�ignate� by notire to L.cndrr. Any n�►tire to I.endcr tihall bc given by fint daca mail to
<br /> L.cndcr', addre�s titated hcrcin ar any othcr addresy Lendcr Jc+ignatc.hp notire to Bc,rcawrr. Any notire providc�f for in thiti
<br /> Security In�trument�h•rll bc dcxmecl tu havn c�rn givcn t��&�rruwcr or[.rnder u•hcn gi�rn a.providrd in thix par.�graph. '
<br /> ' 15. Governing La��•; S�rert�bilit��. Thi� Srrurity In.tn�mcnt �hall hr g��vcm��i by f�tiirral law and thc law of the
<br /> jurisdiction in which the Pmperty i.t�xatrci. In the event that any pmri.iun or clau.r��f tl�i�S�YUriry Inxtrument or the Note
<br /> • conftict,with appticablc lau�. wrh ronflirt�liall nat affcrt��thrr pruvi�ion�of thi, Sccurin• [natrumcnt��r the Notc u•hinc�an bc
<br /> {� given effert ���ithiwt thc«mili�ting pruvisiim. T��thi.cnd thc pru�•itiion.uf thi.S�tiurit�• ln.trumcnt and the Nate are derlarcd
<br /> - to bc scvcrablc.
<br /> 16.Borrow•er's Cop�.f3�ircuW�er�hall tk given anc cunti►rm�d r��p����f thc N<�te and uf thi.Scrurity[n.trument. ,
<br /> Form 3028 9190
<br /> �.,��..a.��e
<br /> i�
<br /> " I
<br /> t '
<br /> � I .
<br /> � ' ', .
<br /> t�.
<br /> f
<br /> �
<br /> � .
<br /> �
<br /> � � ,
<br /> R . - _ .. _._-___ . " . __
<br />
|